Delhivery posts ₹72.56 crore Q4FY25 profit, marking a turnaround from previous losses. Full-year earnings hit ₹162.11 crore. Stock surges 9% on strong margins.
Delhivery, one of India’s leading logistics and supply chain companies, posted a sharp recovery in its financial performance for the March quarter (Q4FY25), marking a return to profitability. This turnaround sparked strong investor interest, with shares of the company rising more than 9% in intra-day trading on Monday, May 19.
Strong Q4 Performance Drives Market Optimism
For the fourth quarter ended March 31, 2025, Delhivery reported a consolidated net profit of ₹72.56 crore, compared to a net loss of ₹68.47 crore in the corresponding period last year. This improvement also represented a significant sequential jump from the ₹24.99 crore profit in Q3FY25, highlighting the company’s growing operational efficiency and strict cost discipline.
The revenue from operations stood at ₹2,191.57 crore in Q4FY25, showing a 5.6% year-on-year (YoY) growth, though slightly declining by 7.8% on a quarter-on-quarter (QoQ) basis. Despite this sequential dip, margin improvements and profitability gains fueled investor confidence.
Delhivery’s EBITDA rose to ₹119 crore, marking a 160% YoY and 16.3% QoQ increase. The EBITDA margin expanded to 5.4%, up 322 basis points YoY and 113 bps QoQ, further underlining the firm’s focus on operational leverage and sustainability.
Full-Year FY25 Financial Turnaround
The company’s performance over the full fiscal year reflects a significant financial turnaround. Delhivery reported a consolidated net profit of ₹162.11 crore for FY25, compared to a loss of ₹249.19 crore in FY24. Total revenue rose 10% YoY to ₹8,932 crore, up from ₹8,142 crore in the previous year.
CEO and Managing Director Sahil Barua credited the company’s focus on its core transportation business and profitability initiatives. “We continue to deliver steady performance in our core transportation businesses. Our ongoing measures to improve profitability are visible in Q4 numbers and we expect continued momentum on this front as growth picks up in FY26,” Barua stated.
Shipment Volumes and Market Expansion
Delhivery’s shipment volumes held steady, with 177 million parcels handled in Q4FY25, marginally up from 176 million parcels in Q4FY24. For the full year, shipment volumes reached 752 million parcels, a modest 2% growth from FY24’s 740 million.
In a strategic move to strengthen its footprint in India’s rapidly growing e-commerce logistics sector, Delhivery recently announced a planned acquisition of Ecom Express for ₹1,400 crore. Both companies have approached the Competition Commission of India (CCI) for regulatory approval. The acquisition is expected to consolidate Delhivery’s market presence and expand its logistics capabilities.
Stock Performance and Outlook
Delhivery’s stock surged as high as ₹350.80 during intra-day trading on May 19, marking a 9.3% rise. Despite being 24% below its 52-week high of ₹461 (reached in May 2024), the stock has staged a robust comeback from its 52-week low of ₹236.80 in March 2025
After facing headwinds in early 2025 — including a 22% drop in February and 7.2% decline in January — the stock has posted a steady recovery: up 15.5% so far in May, following a 20% rise in April and 2% increase in March.
Delhivery’s Q4FY25 results reflect a significant shift in its financial health and strategic direction. With its renewed profitability, strong cost control, and plans for expansion through the Ecom Express acquisition, the logistics firm appears poised for continued growth in FY26. Investor sentiment has responded positively, suggesting renewed faith in the company’s long-term strategy and market positioning.
